In this query I mentioned the choice of self internet hosting the Bitcoin node vs. utilizing third social gathering providers with API entry. I quoted a colleague who stated that “for each coin we want to help, we can be required to rent a devoted professional developer to keep up every node at a value of $40,000 per 12 months per node”.
Though this was not the primary level of my different query, I obtained a polarizing response to this quote.
For instance, the consumer @Nameless commented:
The place may they’ve probably obtained the concept sustaining a bitcoin
node prices $40,000 a 12 months?
In response, the consumer @chytrik wrote:
Maybe not for bitcoin, however for some poorly developed altcoins that
quantity is perhaps too low – chytrik
An identical sentiment to @chytrik has been echoed by @Murch♦:
I agree, builders with a cryptocurrency background will not be neither
low-cost nor ample. Clearly, it is dependent upon your location, however I
suspect that you could be discover that $40,000 p.a. to be really extremely
optimistic. Within the US, you’d most likely be $150k+ per
place (wage+relaxation).
Since this website is for Bitcoin, the main target of my query can be completely on Bitcoin.
Is there a sensible approach of quantifying the price related to self internet hosting the Bitcoin node? This contains the price of internet hosting, scaling and hiring a reliable developer to setup and debug the node. Clearly, a giant a part of the analysis is prone to rely on the variety of anticipated transaction so let’s assume for this instance we’re coping with an app that can scale from 5,000 to 500,000 clients sooner or later or from 500 to 50,000 requests per day.
What’s a sensible approach of quantifying the long run prices concerned and what kind of upkeep/upgrades would a developer be required to do in the long run?